From Menafn.com: The Manama-based Islamic investment bank, Gulf Finance House (GFH), which announced in August its intention of raising $300 million of new capital through a rights issue, has confirmed that it has already received about $100 million in commitment subscription offers prior to the official launch of its capital raising initiative on Oct. 15.
The full success of the rights issue will only become clear at the end of this week, although market sources stress GFH should have no problem in closing the transaction despite current market conditions........................Full Article: Source